Nutanix (NTNX) CFO Sees Building Pipeline At Analyst Day - Needham
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Rating Summary:
21 Buy, 7 Hold, 1 Sell
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Needham & Company analyst Jack Andrews reiterated a Buy rating and $63.00 price target on Nutanix (NASDAQ: NTNX) after the company hosted a positive, well attended analyst day where the company offered new details on the current state of lead generation, unit economics, subscription metrics, sales tactics, and product vision.
The key question of long term billings seems to have been addressed by CFO comments outlined by the analyst "The analyst stated "CFO Duston Williams indicated that just in the three weeks since the 2QFY19 earnings call, NTNX is seeing "signs of life" in rebuilding the sales pipeline. Notably, last week represented the largest number of new opportunities ever created in a single week.".
For an analyst ratings summary and ratings history on Nutanix click here. For more ratings news on Nutanix click here.
Shares of Nutanix closed at $41.30 yesterday.
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